NC S530

Creates the Agricultural Manufacturing Investment Grant Account (AMIG) within the One North Carolina Fund with up to $5 million in funding to provide competitive grants to eligible agricultural manufacturers

Grants are capped at $100,000 per year and $500,000 total per recipient, with a maximum grant term of five years

Recipients must invest at least $5 million in private funds within two years, employ at least 25 full-time employees, and pay wages at least 110% of the county average for insured private employers

Priority is given to projects in development tier one or two areas, those using precision agriculture, AI-driven automation, or biotechnology, and those with R&D compensation of at least 10% of annual payroll

Effective date: July 1, 2025